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Banking

RBI Directs Non-Bank Lenders to Adhere to Cash Payout Limit for Loans

News Desk -
India's Reserve Bank, in a recent move, cautioned non-bank lenders against surpassing the permissible limit of ₹20,000 ($240) for cash loans, aiming to curb...
Banking

Banks Poised to Boost Productivity and Revenue with Generative AI Integration: Report

News Desk -
In a recent analysis conducted by IT giant Accenture, the potential impact of Generative Artificial Intelligence (GenAI) on the banking sector has been unveiled,...
Banking

RBI to Combat Cyber Fraud, Including Restrictions on Suspicious Bank Accounts

News Desk -
Reserve Bank of India (RBI) is poised to introduce new guidelines aimed at bolstering the country's defenses against the rising tide of cyber crime....
News

CBDT Extends Deadline for Filing Form 10A/10AB to June 30, 2024

News Desk -
In a move aimed at easing the burden on taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due date for filing...
News

Paytm Receives NPCI Approval for User Migration to New Payment System Provider Bank Handles

News Desk -
Paytm owner One97 Communications (OCL) has secured approval from the National Payment Corporation of India (NPCI) to commence the migration of users from the...
News

RBI Proposes Regulatory Approval for PoS Providers

News Desk -
In a move aimed at enhancing regulatory oversight in the payment ecosystem, the Reserve Bank of India (RBI) has proposed new guidelines for non-bank...
Banking

RBI Mandates Key Fact Statements for Retail and MSME Loans Starting October 1, 2024

News Desk -
In a move aimed at enhancing transparency and empowering borrowers, the Reserve Bank of India (RBI) has issued a directive requiring lenders to furnish...
Banking

CEIB Pushes for Stringent Loan Clearance Process to Curb Financial Frauds

News Desk -
In a bid to fortify the financial sector against potential frauds and ensure meticulous risk assessment, the Central Economic Intelligence Bureau (CEIB) has urged...
News

Finance Ministry Proposes Enhanced KYC Procedures to Combat BoB World App Scams and Financial Frauds

News Desk -
In a proactive move against the rising tide of financial frauds, the Finance Ministry is advocating for an upgraded Know Your Customer (KYC) process...
News

CBDT Enables Early Filing of Income Tax Returns for A.Y. 2024-25

News Desk -
To enhance taxpayer convenience and ease of compliance, the Central Board of Direct Taxes (CBDT) has announced the early availability of Income Tax Return...
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